Velocity, Holding Time and Lifespan of Cryptocurrency in Transactions

Yu Zhang (), Mostafa Chegeni () and Claudio Tessone ()
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Yu Zhang: University of Zurich
Mostafa Chegeni: University of Zurich
Claudio Tessone: University of Zurich

Chapter Chapter 15 in Mathematical Research for Blockchain Economy, 2024, pp 315-326 from Springer

Abstract: Abstract The measurement of the velocity of money is still a significant topic. In this paper, we proposed a method to calculate the velocity of money by combining the holding-time distribution and lifespan distribution. By derivation, the velocity of money equals the holding-time distribution’s value at zero. When we have much holding-time data, this problem can be converted to a regression problem. After a numeric simulation, we find that the calculating accuracy is high even if we used only a small part of the holding time data, which implies a potential application in measuring the velocity of money in reality, such as digital money. We also tested the methods on Cardano and found that the method can also provide a reasonable estimation of velocity in some cases.

Keywords: Velocity of money; Holding time; Lifespan; Regression; Cardano (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1007/978-3-031-68974-1_15

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